MATICUSDT Potential Bullish Breakout

Long

MATIC Network / TetherUS PERPETUAL CONTRACT (BINANCE:MATICUSDT.P)

BINANCE:MATICUSDT.P MATIC Network / TetherUS PERPETUAL CONTRACT

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MATIC is currently approaching a crucial Fibonacci level that aligns with a trendline created by higher lows. This price range has seen MOST of the recent trading activity, as shown on the chart. Therefore, there is a possibility for a bullish breakout in the near future, especially after the markets close on the weekend. The trading idea suggests buying Matic on Friday and selling it on Monday, as the weekend closure may trigger positive market sentiment and a potential price increase. However, it's important to monitor the price action and adjust the trading plan accordingly to manage the risk.

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